Interest on housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2012
If a house property is let out for 2 months then what will be the treatment of housing loan interest paid for full year. Will whole interest be allowed as deduction or only for 2 months?
30 July 2012
As per the income tax act, Interest will be allowed for whole year on actual payment basis.it is not relevant, how much months property is let out.
Hope your query is resolved.
Hope your query is resolved.
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